If you thought NFT mania was about to die off, think again: a bundle of 101 NFTs from Bored Ape Yacht Club just sold at Sotheby’s for $24.4 million. A second bundle of 101 Bored Ape Kennel Club NFTs sold for $1.8 million. That puts the ape sale among the biggest in the NFT space. […]
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Tesla CEO Elon Musk on Tuesday said the U.S. government should steer clear of trying to regulate the crypto market. “It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in Beverly Hills, California. FIND OUT MORE
Developing economies are once again leapfrogging prior waves of technological innovation with the help of cryptocurrency. Much like the way consumers in India and Indonesia a decade ago skipped landlines for cellphones, institutions in Africa are embracing the advancements in crypto over alternatives offered by the traditional plumbing of the global financial system. FIND OUT […]
The epicenter of Bitcoin mining has called it quits. On Sept. 24, China’s Central Bank declared all crypto-related transitions illegal, citing concerns about gambling fraud and money laundering. The move sparked a sharp drop in markets; some investors raced to dump their holdings, and the price of Bitcoin fell nearly 10% after the announcement, before […]
Buying pizza with dogecoin or litecoin might soon be possible. A new partnership between crypto payments processor BitPay and Verifone, the maker of credit card readers, is aiming to allow customers to use their cryptocurrency to pay for products later this year, according to a Tuesday press release. “If they decide to buy a pizza […]
Twitter Inc. will let users send and receive tips using Bitcoin as part of a broader push to help users make money from the service. Twitter also said Thursday that it’s looking into authenticating users’ nonfungible tokens — digital goods ranging from high art to pictures of digital apes. Some users already showcase NFTs on […]
William Quigley, a co-founder of stablecoin “Tether” and a pioneer in the cryptocurrency space, sees the metaverse as a huge economic force that’s going to change people’s lives significantly in coming years. Mr Quigley is a co-founder of the Worldwide Asset eXchange or WAX, a carbon-neutral proof-of-stake blockchain that specialises in areas like non-fungible tokens […]
Exchange tokens and digital assets associated with proof-of-stake blockchain networks have outperformed the broader cryptocurrency market since the end of 2019, while privacy-focused digital tokens have underperformed, Goldman Sachs wrote in a new report. “As the market matures, monitoring crypto’s market segments may help determine which network features investors are rewarding, as well as the […]
Leading decentralized exchange, Uniswap, has become the first DeFi protocol to generate more than $1 billion worth of platform fees for liquidity providers. On August 10, Lucas Outumuro, head of research at crypto data aggregator IntoTheBlock, shared a chart to Twitter showing that the combined fee revenues of Uniswap’s v2 and v3 Ethereum mainnet deployments […]
India’s central bank is considering launching a digital currency, according to a top executive, giving a clear indication of its intentions for the first time after previously stating that it was studying the idea. T Rabi Sankar, the deputy governor of Reserve Bank of India, said at a conference today that the central bank is […]